Quantcast

Tuesday, July 29, 2014         

 Print   Email   Comment | View 2 Comments   Most Popular   Save   Post   Retweet

Interisland cargo shipments rise as economy improves

By Erika Engle

POSTED:
LAST UPDATED: 12:45 p.m. HST, Feb 19, 2014


Intrastate cargo shipments were up 1.5 percent in 2013, up from 2012, according to a new report from Young Brothers Ltd.

Some 0.6 percent of the annual increase came during the fourth quarter.

"We turned the corner in 2013, but we still have a long way to go relative to the boom period we experienced during the middle of last decade," said Glenn Hong, Young Brothers president, in a statement.

"Cargo volumes started coming back in the second quarter last year and maintained relative strength to finish 2013 with some growth."

For the 12-months ending Dec. 31, 2013, all but one neighbor island port saw increased cargo shipments. Rising volume was reported at Kahului, Maui, 1.0 percent; Hilo, at 2.1 percent; Nawiliwili, Kauai, by 4.5 percent; Kaunanakai, Molokai, by 7.2 percent, and by far the smallest port by way of volume, Kaumalapau, Lanai, saw the largest percentage increase at 20.7 percent.

Cargo volume dropped by 4.7 percent at Hawaii island's Kawaihae Harbor.

Despite mixed economic reports of late, company executives are hopeful "that there is enough fuel in the economy to continue to drive increasing cargo volumes in 2014," Hong said.







 Print   Email   Comment | View 2 Comments   Most Popular   Save   Post   Retweet

COMMENTS
(2)
You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
HAJAA1 wrote:
YB. Pffft. Union-backed crybabies. I pray for the day they receive some serious competition. I'm calling Larry Ellison.
on February 19,2014 | 10:11AM
Aquarius1 wrote:
Mr. Hong, are you doping anything to reduce your labor cost, which represents a large piece of the expenses pie chart, 2/3 if not almost 3/4? In a competitive market, you have to do more than just raise prices.
on February 19,2014 | 11:47AM
IN OTHER NEWS
Breaking News
Blogs
Political Radar
`My side’

Political Radar
‘He reminds me of me’

Bionic Reporter
Needing a new knee

Warrior Beat
Monday musings

Small Talk
Burning money

Political Radar
On policy

Warrior Beat
Apple fallout